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General Electric

Taking Utilities Private: Return of the Barbarians

Experts debate whether KKR's leveraged buyout of UniSource Energy is right for the industry.

“From a public policy standpoint, should a utility that provides a vital public good be owned by a private group that gains ownership by taking on a high degree of debt (risk)?” Mark T. Williams, executive-in-residence at the Finance & Economics Department at Boston University, identifies the quintessential issue that will no doubt be heatedly debated in boardrooms and commissions as more utility CEOs are tempted to become private utilities through a leveraged buyout transaction. And tempted they will be.
Byline: 

Richard Stavros

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Climate Change: The Heat Is On

From reporting to trading, utilities try to meet new expectations.

Implementing a strategy on climate change is a new sign of corporate responsibility, and utilities are responding in a variety of ways.
Byline: 

Douglas W. Smith and Kyle W. Danish

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Generation Roundtable: Power Flux

Generators struggle to plan for the future as they cope with an unstable present.

In a roundtable discussion, generation experts explain how environmental regulations, industry restructuring, investor confidence, and the bottom line are affecting their decision-making.
Byline: 

Michael T. Burr

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Frontlines

Bankruptcy may not be better for ratepayers.

Frontlines

Bankruptcy may not be better for ratepayers.

Byline: 
Richard Stavros
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Off Peak

Surfside reading for the energy workaholic.

Surfside reading for the energy workaholic.

The Last Energy War: The Battle Over Utility Deregulation

Utility deregulation is the biggest consumer rip-off since the S&L debacle, activist Harvey Wasserman argues. He says electric competition has wider and more deadly implications: costs running to trillions of dollars, environmental threats, and the further delay of renewables like wind and solar energy.

Reinventing Electric Utilities: Competition, Citizen Action, and Clean Power

Byline: 
Source: Amazon.com
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Off Peak

Surfside reading for the energy workaholic.

Surfside reading for the energy workaholic.

The Last Energy War: The Battle Over Utility Deregulation

Utility deregulation is the biggest consumer rip-off since the S&L debacle, activist Harvey Wasserman argues. He says electric competition has wider and more deadly implications: costs running to trillions of dollars, environmental threats, and the further delay of renewables like wind and solar energy.

Reinventing Electric Utilities: Competition, Citizen Action, and Clean Power

Byline: 
Source: Amazon.com
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Off Peak

School plays teach efficiency, creativity, and self-confidence.

School plays teach efficiency, creativity, and self-confidence.

Bumbling Melvin Markham is a hero. He just doesn't know it. As the central character in an innovative school play, Melvin learns that everyone can save energy and the environment.

Byline: 
Mark Fryburg
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Business & Money

Will dividends become the sole focus for investor valuations of utilities?


Will dividends become the sole focus for investor valuations of utilities?

With last month's favorable Senate vote to repeal the tax on dividends from 2004-2006 and reduce it 50 percent this year, and the high-profile conference committee meetings between the House and the Senate at press time, many are asking if investors are, or should be, beginning to evaluate utility companies solely on the basis of the dividend.

Byline: 
Richard Stavros
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Commission Watch

The commission tacks a new name onto a familiar concept.


The commission tacks a new name onto a familiar concept.

By now it is old news that the Federal Energy Regulatory Commission (FERC) on April 28 back-pedaled on standard market design (SMD), even renaming it the "wholesale power market platform." But SMD is far from dead, as some had wished. Instead, it is merely toned down, bowing to political furor and regional differences.

Byline: 
Lori A. Burkhart
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